Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Rs. 44.5 million fraud at Lanka Canneries is being investigated by CID
Tue, Feb 12, 2013, 12:10 am SL Time, ColomboPage News Desk, Sri Lanka.

Feb 11, Colombo: A financial fraud that has taken place at the Lanka Canneries to the tune of Rs. 44.5 million is being investigated by the Criminal Investigations Department (CID) of police, the company authorities said.

Hunter & Company, the parent company of Lanka Canneries, informed the Colombo Stock Exchange (CSE) that a forensic audit performed by the KPMG has discovered the fraud amounting to Rs. 44.5 million.

Lanka Canneries is in the process of making a complaint to the CID and will take action against those responsible, the statement said. It added that every effort will be taken to recover the funds misappropriated.

Lanka Canneries, the former Marketing Department, establishment is a 90% owned subsidiary of Health & Company which in turn is a 90.9% subsidiary Hunter & Company.



ColomboPage - Recent 10 Stories
Sri Lanka Navy assists repatriation of 109 Indian and 6 Sri Lankan fishermen released from detention
-- [1 hour and 7 minutes ago]
No power to change women's representation - CaFFE
-- [1 hour and 36 minutes ago]
Sri Lanka Speaker to make a special statement on unity government tomorrow
-- [2 hours ago]
Over 3,000 died in road accidents in Sri Lanka last year
-- [2 hours ago]
Sri Lanka's Muslim party ACMC calls for leaders to unite for a stable government
-- [3 hours ago]
First draft of National Sustainability Dialogue presented to President
-- [4 hours ago]
Sri Lankan government to finalize a new economic program by next week
-- [4 hours ago]
Sri Lanka Opposition Leader slams former president for misleading people on ethnic issue
Sri Lanka election monitor calls on government to hold Provincial Council Elections in April
DFCC Bank profit after tax up by 34 percent in FY 2017

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.